DYOR - - - - - - - - - Biom Technologies mid-July 2010 AIM
This is the new resting place for Stanelco, the wonder producer of starch-based food-trays...only they didn't catch on.Over the last 10 years to 2010 the 0.1p shares traded abour 2.5p then shot up to 24p during 2005 with promise of Tray-Trials I understand. Within a year or so, they fell to new depths and finished at 0.2p Of course they were full-list then and some were held in ISA's hoping there would be a big profit...only now these are distressed sales as the Company slunk off to AIM, presumably "...to provide better shareholder-value"
Perhaps someone closer to the Co. can explain why the new name is Biome
....rhymes with Home. Often it is done to remove the previous sp-history.
Could it be..so new investors can bask in ignorance, etc. I'm not aware of any "change" in fortune for SEO, rather the reverse.
In my limited experience, the longer the name of a company the longer you have to wait for any return...Huh . . . . . .
. SEO had been a terrible investment.
DYOR.
Can Biome be any worse...?
EDIT ( 24April2017)- "just woken up" -me not BIOME - sp is 154, but I note about June 2013 there was what looks like a CONsolidation . . do I recall many LT investors were sold-short?... as I believe the (new share) numbers were terrible! . . . Anyone?

Being a decent Human Being Maestro, I wish to congratulate you on being slightly in profit, may it continue and hope my hurt diminishes and flourishes in some other way shape or form.

I wonder what chance there is for a private buy out when of course the sp drops to a lower level than at present.

I say this as 3 holders now own 30% between them, so a buy out agreed with the board would sale through as there does not appear to be sufficient percentage held by PI's to stop any such deal no matter how low the price goes.

Of course I would not dream of saying that this could have been a plan all along.

From todays trading update.

In line with expectations.
Solid progress has continued in the Bioplastics Division.
Stanelco RF Technologies business saw a subdued end to the year.

From Novembers Trading Update.

In line with expectations.
Progress continued in the bioplastics pivision.
Continued subdued demand from the optical fibre furnace market.

The only diffence I can see between the two is now no mention of the coffee market or the business to progress with commercialisation and of course slightly different wording that says the same thing.

And of course the cash position is worse than 3 months ago.

We are again given the same old promises of the order book improving and of course the company is 'encouraged'.

I wonder how many investers are 'encouraged' by todays trading update.

Don't be too disheartened Greek, the rate of cash burn would indicate that they have another 2 years to make claims of great things to come!

Hi Kimoldfield,

Personally nothing Biome does bothers me as I sold out a couple of years ago.

Biome is the only thread I have ever continued to post on after selling out for the pure reason that they have never been a company that has played straight with the invester.
My sole purpose on continuing to post is that I want to warn others who perhaps do not know the history of the company.

I lost about £6,000 which if it had been a company that played straight, I would have taken it on the chin as you do if you invest in shares, but a level playing field, even for the lighter regulated AIM is not a term I associate wth Biome.

I have reported them in the past to both the FSA and the LSE after compiling a dosier of evidence regarding what I perceived to be rule breaking.

If the only sensure is a none public one then the complainant is not notified of the outcome.

I am astounded that this company is still being allowed to trade on the markets.

With contract scarce as far as Biome are concerned (I put scarce instead of none existant as I'm in a generous mood) I wonder how narrow any margin will be if they do get a contract.

They are hardly in a position to negotiate strongly as there are many companies working in the same bio-degradable field as Biome, as Biome threw away any lead they have years ago.

Just put bio-degradable packaging into google and see what I mean, Biome do not feature on the first 5 pages, I couldn't be bothered to keep looking further.

I promised myself I'd never open this thread again...


Daniel Stewart Buy 162.50 170.00 437.00 437.00 Reiterates

437! Wow, that's fantastic! Good job BIOM have and independent company of such standing putting us straight! Hang on, they are BIOM's Nominated Adviser. Oh. :o(

437p great..... only £43/share to go then.....

Bb buy now while they are still cheap!

uummmmm let me think about that.......

I understand a correction is imminent as it should have read 43.7p, mind you the sp will struggle to reach that high by this time next year.

Pessimists all of you! The sp will be no less than 50p by Christmas!

How dare you call me a pessimist, I'm an atheist through and through.

Oh my God Greek! I am so sorry! :o)

Lol

Get a room you two.,.

We have.

Not sure about the curtains! :o)

oooo! get you .,.